{"id":25298,"date":"2023-07-08T10:38:35","date_gmt":"2023-07-08T10:38:35","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/07\/08\/ripple-xrp-cardano-ada-community-lambasted-ex-sec-chair-jay-clayton\/"},"modified":"2023-07-08T10:38:35","modified_gmt":"2023-07-08T10:38:35","slug":"ripple-xrp-cardano-ada-community-lambasted-ex-sec-chair-jay-clayton","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/07\/08\/ripple-xrp-cardano-ada-community-lambasted-ex-sec-chair-jay-clayton\/","title":{"rendered":"Ripple (XRP), Cardano (ADA) Community Lambasted Ex-SEC Chair Jay Clayton"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Former SEC Chairman <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> Jay Clayton and former <\/span><span class=\"r-18u37iz\">CFTC <\/span>Chairman <span class=\"r-18u37iz\">Tim Massad in a Wall Street Journal <a rel=\"nofollow noopener\" href=\"https:\/\/www.wsj.com\/articles\/regulating-crypto-markets-1e5ec5c5\" target=\"_blank\">article<\/a> \u201c<\/span>A Path Forward for Regulating Crypto Markets\u201d supplied suggestions <span class=\"r-18u37iz\">for regulating crypto within the US. They argue enforcement actions are a part of the answer and extra must be achieved for investor safety and market integrity.<\/span><\/p>\n<p><span class=\"r-18u37iz\">The US Securities and Exchange Commission (SEC) underneath present Chairman Gary Gensler has taken the trail earlier set by <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Jay Clayton, who filed a lawsuit towards Ripple in December 2020 earlier than his time period ends.\u00a0\u00a0<\/span><\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201c\u2026enforcement actions, in themselves, are unlikely to bring about a significant improvement in investor protection and market integrity quickly.\u201d<\/span><\/p>\n<\/blockquote>\n<p><strong>Also Read: <a title=\"How Bitcoin, Ethereum Price Move As US Unemployment Rate and Nonfarm Payroll Fall?\" href=\"https:\/\/coingape.com\/how-bitcoin-ethereum-price-move-as-us-unemployment-rate-and-nonfarm-payroll-fall\/\" rel=\"bookmark\">How Bitcoin, Ethereum Price Move As US Unemployment Rate and Nonfarm Payroll Fall?<\/a><\/strong><\/p>\n<p>Ripple (XRP) and Cardano (ADA) lead the crypto group lambasting <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Jay Clayton for suggesting path ahead to manage crypto. Cardano influencer <strong>Dan Gambardello<\/strong> <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/cryptorecruitr\/status\/1677436373219913729\" target=\"_blank\">said<\/a> Jay Clayton performing like he cares about crypto now and <span class=\"r-36ujnk\">didn\u2019t care<\/span> when he was truly the Chairman of the SEC.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">XRP lawyer <strong>John E. Deaton<\/strong> <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1677462022378729472\" target=\"_blank\">argues<\/a> Jay Clayton had outstanding Commissioners Elad Roisman and Hester Pierce who has crypto data and voted to offer regulatory readability. However, he failed to offer pathway then to permit innovation to foster and truly taking steps to guard buyers.<\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cBut Jay Clayton, like Bill Hinman, was more interested in cashing in on his position and by maintaining an opaque regulatory environment. Immediately after leaving the SEC, Clayton joined One River and has been involved in the digital asset space since, while his buddy Hinman joined the a<\/span><span class=\"r-18u37iz\">16z <\/span>group,\u201d mentioned Deaton.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Thinking Crypto Podcast host <strong>Tony Edward<\/strong> additionally criticized Jay <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Clayton for speaking about enforcement actions are \u201cunlikely to improve investor protection\u201d. He asserts that Clayton on his final days on the <span class=\"r-18u37iz\">SEC<\/span> filed a lawsuit towards <span class=\"r-18u37iz\">Ripple<\/span> and harm retail buyers holding <span class=\"r-18u37iz\">XRP<\/span>. In addition, he didn&#8217;t approve a spot Bitcoin ETF or with Congress to move clear rules.<\/span><\/p>\n<p>XRP holders awaits abstract judgment in SEC vs Ripple case, with Ripple CEO Brad Galinghouse and CLO Stuart Alderoty assured about victory within the lawsuit. The group has voiced issues of Judge Torres taking ceaselessly to announce abstract judgement.<\/p>\n<p><a href=\"https:\/\/coingape.com\/price\/xrp\" target=\"_blank\" rel=\"noopener\">XRP price<\/a> is usually moved sideways this week and 0.5% previously 24 hours, with the worth presently buying and selling at $0.46. The market cap and buying and selling quantity additionally stay flat within the final 24hrs. <a href=\"https:\/\/coingape.com\/xrp-price-predicted-to-surge-600-amidst-ripples-class-action-lawsuit\/\" target=\"_blank\" rel=\"noopener\">CoinGape earlier reported<\/a> that XRP value can rally 600% after the judgment.<\/p>\n<p><strong>Also Read: <a title=\"Shiba Inu News: Shibarium Release Fuels BONE Price 35% Rally, Eyes $3 In Weeks\" href=\"https:\/\/coingape.com\/shiba-inu-news-shibarium-release-fuels-bone-price-35-rally-eyes-3-in-weeks\/\" target=\"_blank\" rel=\"bookmark noopener\">Shiba Inu\u2019s Shibarium Release Fuels BONE Price 35% Rally, Eyes $3 In Weeks<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\">\n          <img decoding=\"async\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the big potential of those modern future applied sciences. He is presently overlaying all the most recent updates and developments within the crypto trade.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153667\">\n<p>  The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk&rsquo;s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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They argue enforcement actions are a part of the answer and extra must be achieved for investor safety and market integrity. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[232,231,1692,7448,1386,6578,7447,7446,223,757],"class_list":["post-25298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-ada","tag-cardano","tag-chair","tag-clayton","tag-community","tag-exsec","tag-jay","tag-lambasted","tag-ripple","tag-xrp","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/25298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=25298"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/25298\/revisions"}],"predecessor-version":[{"id":25299,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/25298\/revisions\/25299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/24771"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=25298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=25298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coin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